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Tag Archives: Grexit

EC President Juncker: No Greek default, no Grexit

European Commission President Jean-Claude Juncker warned Monday that Greek intransigence risks pushing the continent towards economic catastrophe and rebuked Athens for an “unacceptable” lack of cooperation. However he ruled out a Greek debt default or an exit from the Eurozone. European Commissioner Jean-Claude Juncker: “I am excluding at 100 percent …

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Bland & Boring as usual: Grexit-dish served by ECB’s Nowotny

Despite some progress recorded during the Brussels Group meeting on Saturday, creditors’ pressure against Greece remains high. It is the same indirect threat being told over and over again. That the eurozone is not afraid of a Greek exit from the eurozone as the impact would not be as devastating …

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No Grexit, No Grexident. The IOUs are coming…!?

Forget the Grexit, the Grexident and the Drachma scenarios. They are out! The 20-April-bankruptcy script writers have invented a new solution: something like a parallel currency. No, not the older scenario option of using Drachma nationally and the Euro internationally. Something new: the IOUS! A form of alternative mean of …

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7 out of 10 Greeks support Tsipras’ confrontation with Troika

Seven out of ten Greeks support Prime Minister Alexis Tsipras the way he deals with the country’s lenders, the Troika. According to a poll conducted by the University of Macedonia, the majority of the respondents believe that the PM is determined to implement his pre-elections commitments and that the Greece-Troika …

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Greek FinMin: Greece Could Exit the Euro by Accident

Greece could stumble out of the euro by accident if a new government fails to reach an agreement with international creditors soon after this month’s election, Finance Minister Gikas Hardouvelis said. The main challenge facing whichever government emerges from the Jan. 25 vote will be to close the stalled review …

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German economists: Greek debt haircut cheaper than Grexit … for Germany

Less than three weeks before elections in Greece and nervousness rises among the country’s lenders as  SYRIZA’s chances for a victory remain high and the left-wing party favors a debt haircut. The Grexit scenarios have grown wild as billions of euros in loans are at stake. Leading role in the …

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President Hollande grants the Greeks right to vote

I am so relief. Honestly. And I am so impressed by the divine generosity of a French president granting me the right to vote and decide about my own destiny.  Joining the Club of Scaremongers Society, French President Francois Hollande said Monday that “The Greeks are free to choose their …

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Merkel cheers “Grexit” hand in hand with Samaras

German Chancellor Angela Merkel took her close friend Antonis Samaras by the hand and they both cheer “Grexit!” in every swirl of their XXL-austerity waltz. According to German weekly Der Spiegel , Angela Merkel was allegedly willing to let Greece leave the eurozone  should the foolish Greek voters elect a …

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IMF takes the wind out of the Greek sails, German FinMin speaks warns of Grexit

German Finance Minister Wolfgang Schaeuble and the International Monetary Fund seem to do their best to take the wind out of the Greek government sails. While Prime Minister Samaras and his economic team allegedly prepare taxation cuts, the country’s lenders urge Greeks to continue the so-called “reforms” and even take …

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ECB Mario Draghi officially denied “Grexit – Plan Z” in April 2013

European Central Bank chief Mario Draghi apparently lied during a live press conference when he was asked whether there was a Plan B on Greece. It was back in April 2013, when Mario Draghi dismissed  the option “there was a plan for the euro zone exit of the debt-ridden country.” …

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